In Hong Kong, the recently approved Ethereum ETFs have achieved remarkable trading records, with significant net inflows and soaring trading volumes. The ETF offered by ChinaAMC, a Chinese fund manager, has surpassed 5 million HK dollars (approximately 640,780 USD) in net inflows, marking a substantial milestone. This increase follows a record inflow of 3.77 million HK dollars on Tuesday, the largest since the ETF began trading.

According to the South China Morning Post, the ETF saw over 1.28 million shares traded on Tuesday, surpassing the average daily trading volume of approximately 500,000 since its market entry on April 30. Other spot Ethereum ETFs in Hong Kong, offered by investment firms Harvest Global, Bosera, and HashKey Capital, have also attracted attention with higher-than-normal volumes this week. The price of all three ETFs increased by over 18% as of Tuesday.

The market is eagerly awaiting the US SEC's decision on the spot Ethereum ETF, with the final decision date set for May 23. Until last week, the expectation was that the ETF might be rejected, but things changed on Monday when Bloomberg's renowned ETF analysts raised their approval expectation rate from 25% to 75%, exciting the entire market. Following this news, the ETH price surged from 3,000 dollars to over 3,700 dollars. As of the time of writing, the ETH price continues to trade at 3,768 dollars after a 0.81% increase.

The anticipation surrounding the SEC's decision has led to high volatility in the market, with investors eagerly awaiting the outcome. The approval of the spot Ethereum ETF could potentially lead to increased adoption and mainstream recognition for cryptocurrencies. However, it is important to note that the price could experience high volatility following the decision, and investors should conduct thorough research and consider their risk tolerance before investing in the cryptocurrency market.

In conclusion, the Ethereum ETFs in Hong Kong have achieved remarkable trading records, with significant net inflows and soaring trading volumes. The market is eagerly awaiting the US SEC's decision on the spot Ethereum ETF, which could potentially lead to increased adoption and mainstream recognition for cryptocurrencies. Investors should conduct thorough research and consider their risk tolerance before investing in the cryptocurrency market.